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Renmin University of China Financial Technology Research Institute: Promote the mutual recognition of controllable stablecoins and digital RMB
Odaily News The Financial Technology Research Institute of Renmin University of China wrote an article titled The Rise of Stablecoins: Catalyst for the New Era of Digital Finance, which pointed out that for emerging economies such as China, the development of stablecoins brings three inspirations: First, we should accumulate experience through pilot projects in closed scenarios such as cross-border e-commerce, regional trade and offshore settlement; second, we should promote both technology and compliance, strengthen reserve transparency and on-chain security, and promote the mutual communication and recognition of digital RMB and controllable stablecoins; third, we should actively participate in global governance mechanisms such as BIS and IMF, jointly promote the formulation of digital financial rules, and strive for more interests and voice in developing countries.
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